NEW YORK, USA - The government's list of troubled banks hit its highest level since 1993 during the second quarter, although the pace of growth continued to slow, according to a government report released Tuesday.
USA - Since September 2008, or the month when capitalism collapsed, and the Fed, and every other global Central Bank had to step in as a backstop of last recourse to the western way of life, the US government has undertaken the most peculiar matching program: simply said, for every dollar of individual tax revenue, the government has issued just over one dollar of incremental debt.
USA - Are we witnessing the slow but certain death of cash in this generation? Is a truly cashless society on the horizon? Legislation currently pending in the Mexican legislature would ban a vast array of large cash transactions, but the truth is that Mexico is far from alone in trying to restrict cash. All over the world, governments are either placing stringent reporting requirements on large cash transactions or they are banning them altogether.
USA - It's about time. Kind of like when Fox News gave $1 million in campaign contributions to Republicans. It wasn't exactly a secret before, but now it's official. The Gates Foundation just bought a whopping 500,000 shares of Monsanto stock.
UK - The Reverend Rachel Mann claims that the much-maligned form of music demonstrates the "liberative theology of darkness", allowing its tattooed and pierced fans to be more "relaxed and fun" by acknowledging the worst in human nature. She says that by contrast, churchgoers can appear too sincere and take themselves too seriously.
IRAQ - US combat troops are withdrawing from Iraq, where terrorist attacks are once again part of everyday life. The Iraqi population is suddenly mourning the departure of the once-hated occupiers, as fears of a civil war grow.
UK - Homeowners who bought at the peak of the market may face four more years of negative equity, a housing group has warned. The National Housing Federation (NHF) said the average buyer paid 216,800 pounds for a home in 2007.
ISRAEL - Increasing speculation it may be preparing for a military assault on Iran or a regional war involving Hezbollah in Lebanon and Hamas in Gaza, Israel has placed its largest order of military fuel with the United States on record. The Jewish state, earlier this month, ordered 284 million gallons of JP-8 aviation jet fuel, 100 million gallons of diesel fuel and 60 million gallons of unleaded gasoline - all suitable for military uses - at an estimated cost of $2 billion.
ROME, ITALY - As the date for Benedict XVI's mid-September trip to Scotland and England draws closer, the anti-religious hostility is becoming more intense. Peter Tatchell, a well-known critic of the Catholic Church, penned an opinion article published August 13 in the Independent newspaper. "Most Catholics oppose many of his teachings," he claimed in regard to the Pope.
SYRIA - A harsh four year drought, along with poor national infrastructures, has driven hundreds of thousands of Syrian farmers off their land in the country's northeastern section. The land where wheat grew abundantly is dry, and provides no sustenance. The United Nations estimates that 800,000 people had to leave their homes. Most relocated to camps at the entrance to cities, and have no access to electricity or running water.
UK - The factory is right next to a new flagship Tesco store. So how does Ginsters get its pasties to the shelves there? By sending them on a round trip of more than 250 miles. The products are transported from the factory in Callington, Cornwall, to a distribution centre 130 miles away in Avonmouth, near Bristol, and back again. And bizarrely, the company thinks there is nothing strange about this.
NEW ZEALAND - The genetic code of the apple has been mapped by researchers, paving the way for crunchier, juicier and healthier fruits to be developed. The information from the Golden Delicious variety is already being used to breed red-fleshed apples with more anti-oxidants, which are credited with health benefits from keeping joints healthy to warding off Alzheimer's.
CHINA - Rice smuggling out of Vietnam, a rush to book grain barges in the United States and BHP Billiton's $39 billion takeover bid for fertilizer giant Potash Corp - a common thread runs through them all. After decades of pursuing self-sufficiency in food production, China is bumping into the limits of that policy and looking abroad more than ever to satisfy its growing appetite.
GERMANY - A leading member of Germany's central bank has caused outrage by claiming that Jews are identified by a particular gene. Thilo Sarrazin, who is on the board of the the Bundesbank in Frankfurt, said in a newspaper interview: 'All Jews share a certain gene. Basques (Spanish separatists) have particular genes, that distinguishes them from others.'
Germany's Jewish community today reacted with horror and accused him of anti-Semitism and attempted racial profiling.
RUSSIA - Vladimir Putin, the Russian prime minister, on Sunday opened a new pipeline to export east Siberian oil to China that will help Russia reorientate its oil trade towards the east. The pipeline, running 67km from Skovorodino in east Siberia to China's north-eastern frontier, is an offshoot of a new oil export route Russia is building to the Pacific Ocean, providing a strategic window on the fast-growing energy markets of Asia.